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Friday, September 04, 2015

O'Malley's Taxes Drove Wealthy Out Of Maryland

Wealthy taxpayers and job-creating businesses fled Maryland at an accelerating rate as then-Gov. Martin O’Malley implemented a long list of tax hikes during his first five years in the state capital.

More than 18,600 tax filers left Maryland with $4.2 billion in adjusted gross income from 2007 – O’Malley’s first year as governor — through 2012, according to a Daily Caller News Foundation analysis of the most recently available Internal Revenue Service state-level income and migration data. The wealth of the fleeing Marylanders increased significantly during that time.

O’Malley raised taxes 40 times at an estimated cost to Maryland residents of $9.5 billion. The O’Malley tax blitz is widely credited with the 2014 victory of Republican Larry Hogan, only the second GOP governor in the deep-blue state in nearly 60 years.

He didn't want to buy furniture for his new mansion in Delaware in order to set a good example. So he and the missus settled for hitting a garage sale in Annapolis, and found some good buys on stuff you and I would call junk!